Unocoin CEO and co-founder Satwik Viswanath said in a statement that Bitcoin is being accepted and traded as a barter asset by millions of users across the world and through this initiative, the company will provide Indian customers with a wide range of cryptocurrencies. Wants to educate about dimensional use. “While countries like the US have thousands of physical outlets and e-commerce portals accepting Bitcoin as a method of payment, our country does not yet have such acceptance. Our offering answers the popular question whether an India Where can I spend bitcoins?
To take advantage of the vouchers, Unocoin says eligible users will need to log into their accounts and go to the BTC page and ‘Shop‘ button has to be clicked. If you are using the app, then this option ‘More‘ section appears on the dashboard. Unocoin says this section will showcase more than 90 brands – including Domino’s Pizza, Café Coffee Day, Baskin-Robbins, Himalaya, Prestige and a lot more – from which users can choose the vouchers of their choice.
On the app, the voucher’s values will be shown in INR denomination and on selecting the desired voucher, its respective bitcoin price will be shown. User can pay the amount to get the voucher code. As of 9 August (10:00 AM IST), the price of bitcoin in India was Rs 33.2 lakh.
Bengaluru-based startup Unocoin was founded in 2013 as India’s first entrant into the cryptocurrency industry. According to a company press release, it operates the country’s largest bitcoin trading platform.